Maybank launches Sustainable Product Framework to drive sustainable finance

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Malayan Banking Bhd has designed its own Sustainable Product Framework (SPF) to enable greater development of green, social and sustainable products. theSun theSundaily Maybank banking finance sustainability Malaysia business

: Malayan Banking Bhd has designed its own Sustainable Product Framework – the first by a Malaysian bank – to enable greater development of green, social and sustainable products.

This framework covers products offered under corporate lending, debt and equity capital markets, trade financing, retail financing, insurance, asset and wealth management, derivatives and deposits. The SPF outlines methodologies and procedures to classify and report financial products and services offered by Maybank as sustainable. It also provides classification logic, eligibility criteria, verification processes and exclusion criteria, among others, for products to be recognised as sustainable finance.

 

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